H 1177
An Act relative to community reinvestment goals for banks
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Bill overview
This bill aimed to establish specific goals for banks in Massachusetts to invest in economically distressed communities. It proposed requiring banks to allocate a certain percentage of their lending activities to areas with high poverty rates and limited access to financial services. The bill sought to encourage banks to support local businesses and residents in these underserved areas, promoting equitable economic development. Ultimately, the bill failed to pass.
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Bill H.1177 194th (Current)
An Act relative to community reinvestment goals for banks
By Representative González of Springfield, a petition (accompanied by bill, House, No. 1177) of Carlos González relative to community reinvestment goals for banks. Financial Services.
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Bill Information
Bill Information
Presenter: Carlos González
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Bill History Petitioners Committee Vote Hearing Attendance
Bill History
Displaying 9 actions for Bill H.1177
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Financial Services |
| 2/27/2025 | Senate | Senate concurred |
| 11/7/2025 | Joint | Hearing scheduled for 11/18/2025 from 10:30 AM-01:00 PM in A-2 |
| 11/7/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to include Virtual |
| 11/14/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing location changed |
| 11/18/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time |
| 11/18/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time |
| 11/18/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time |
| 3/12/2026 | House | Accompanied a study order, see H5213 |
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